Pa real estate 1 - Study guides, Class notes & Summaries

TEST BANK Akolisa Ufodike York University Auditing: The Art and Science of Assurance Engagements Fifteenth Canadian Edition Alvin A. Arens Michigan State University Randal J. Elder Syracuse University Mark S. Beasley North Carolina State University Chris E. Hogan Michigan State University Joanne C. Jones York University ISBN: 978-0-13-669229-4 Copyright © 2022 Pearson Canada Inc., Toronto, Ontario. All rights reserved. This work is protected by Canadian copyright laws and ...

PSI PA State Real Estate Practice Exam Questions and Answers 100% Pass Requires the seller to provide notice to a purchaser about whether a structure on the land is entitled to support from the underlying coal. Coal Notice Three conditions that must be met for a mobile home to be considered real estate 1. Mobile home is transferred in conjunction with and as a part of an assignment of a land lease or the transfer of an interest in land on which the mobile home is situated; or 2. Mobile home is...

PA Real Estate State Portion Latest Update 100% Solved RELRA Real estate licensing and registration act - the commission is responsible for administrating and enforcing rules found in RELRA as well as supervising all activities RELRA comission members: appointed by the Governor for 5 year terms. meet on regular basis as needed, but conduct at least one public meeting in 3 cities Corporeal right of ownership in material things, something tangible such as a building Incorporeal rights to proper...

The economic characteristics of land are - ANSWER scarcity, location, and durability A major difference between freehold and nonfreehold estates is that all freehold estates - ANSWER are of indeterminable duration An easement can be terminated by - ANSWER merger of titles The land description T3N, R4W Principal Meridian refers to what method of property description? - ANSWER Rectangular survey Tenants are still in their rental property even though their lease has expired. The landlor...

PA Exam 3 with 100% Correct Answers 2023 Which of the following are NOT grounds in Pennsylvania for revoking a broker's license? A Being convicted of a felony B Agreeing with the seller to accept a commission that is more than the standard rate C Depositing an earnest money check into the broker's personal account D Advertising as a member of the Pennsylvania Association of Real Estate Professionals when the broker is not really a member - Correct Answer-B It is perfectly legal to agr...

A broker is found guilty and ordered to pay monetary damages to a consumer. What timeframe must the injured party file a claim for payment from the real estate recovery fund? Injured parties must file claim to real estate recovery fund one year after termination of proceedings in connection to judgement awarded consumer. What statement is TRUE regarding the real estate recovery fund? An agreement of sale must contain disclosure language advising parties of the existence of the rea...

What function does the Federal Housing Administration (FHA) play in the mortgage loan process? 1. FHA builds homes 2. FHA insures loans 3. FHA lends money 4. FHA establishes national interest rates on mortgage loans - ️️CORRECT ANSWER: FHA insures loans A broker price opinion must include what the price was based on and: 1. License number 2. The broker's phone number 3. Applicable market data 4. A legal description - ️️CORRECT ANSWER: Applicable market data If an agent i...

PSI Real Estate Michigan State Licensing Exam – Complete Questions & Answers (Graded A+) PSI Real Estate Michigan State Licensing Exam – Complete Questions & Answers (Graded A+) The law regulating the licensing of occupations in Michigan is known as - ANSWER-1.) Occupational Code PA 299 of 1980. (Answer) 2.) Michigan License Act 152 of 1979. 3.) Administrative Rules for Michigan Licensing. 4.) Michigan Code of Ethics. Which of the following persons would NOT need a real estate lic...

When was RELRA originally passed in Pennsylvania? May of 1929 When was RELRA changed to a different name? 1980 RELRA Real Estate Licensing and Registration Act; Pennsylvania law that oversees real estate licensees and created the State Real Estate Commission. RESPA Real Estate Settlement Procedures Act - requires special information booklet, requires good faith estimate, requires uniform settlement statement. Master01 | October, 2024/2025 | Latest update 1 | P a g e | © co...

The Pennsylvania real estate commission may levy a civil penalty upon an individual who violates any provision of the real estate licensing and registration act, but only if the individual has been A. warned in writing B. given the opportunity for a hearing C. confronted in person D. suspended from real estate activities - ️️B. given the opportunity for a hearing Why is the following advertisement placed by a salesperson employed by ABC reality, in violation of Pennsylvania rules? ha...

When was RELRA originally passed in Pennsylvania? May of 1929 When was RELRA changed to a different name? 1980 What is one of the most important thing RELRA does? grant ruling- making and enforcement authority to the State Real Estate Commission What does the State Real Estate Commission function under? The Bureau of Professional and Occupational Affairs, which is part of the Pennsylvania Department of State Who amends RELRA? State Legislature Master01 | October, 2024/2025 | L...